Milege and expenses – make them bulletproof!

I know, I know – I nag about mileage, but it can be a completely bulletproof way of incurring TAX FREE INCOME. You have car expenses, so let the business pay for them! And you pay for business expenses personally, get that back.

The automobile allowance rates for 2017 are:

54¢ per kilometre for the first 5,000 kilometres driven; and

48¢ per kilometre driven after that.

Track! Your! Mileage! And biz expenses paid personally.

You can Hubdoc your expenses, or use another app (i know, I know – another app – just saying).

I recommend Everlance. Here is a list of solved pain points for my clients & I for mileage and biz expenses paid personally. I have suggested the premium version as the way to go for my clients. See bottom notes on REPORTS!

Program

1: browser as well as mobile app

2: accountant dashboard

3: lots of pre sets and report options

Mileage

3: always on tracking option

4: can pre set rates

5: biz, personal and “other” swiping

6: assign details

7: 40 trips in the free version

Expenses

8: snap a pic

9: preset conditions and accounts

10: lots of details can be assigned

REPORTS – I’m discussing premium

11: calculated totals come in on report

12: pdf option so can go right to Hubdoc!

13: mileage destinations come in as photos

14: pics of expense receipts are right within the report! no double snapping pics into the expense app and the doc mgnmt app!!!